Any form of adaptation will result to bitcoin price pump. I think if other countries that banned bitcoin will un-ban it, it will make a huge diffident to the price, because what we are targeting is mass adoption.
Every country have a local exchange in terms of bitcoin, this is a big step in mass adoption.
Topic: Binance legally registered at U.S, does Bitcoin will get increase? - page 3. (Read 713 times)
September 28, 2019, 11:13:10 PM
September 28, 2019, 08:49:05 AM
I would have expected bitcoin to have a bit of a uptick after this, it really didn't and we are going down faster than I could ever prepare myself for when it happens. However I always remind myself that when things get worse it means they are getting ready for things get better. Remember we did had that $20k to $3k period but then we had that $3k to $13k period as well after that.
So, I am guessing now that the binance is allowed to work in USA as well it means when we start to have better times again the american folks will be with us as well, not in coinbase type of business places but on binance where the hard work is going on. Its mainly altcoin like people mentioned but do not forget the usdt and bitcoin pairs as well where you can literally buy bitcoin with dollars.
I think not raising prices is a very clear result that we can see very early because binance is allowed to work in the US or not, it is not an influence when the user has a method of bypassing the blocking and participating in binance, binance that is legally registered is just a way to make it easier to operate, and users in this country will have less hassle. The price of bitcoin does not rely on this news to change is for sure, the change of bitcoin needs greater information and more direct influence. So, I am guessing now that the binance is allowed to work in USA as well it means when we start to have better times again the american folks will be with us as well, not in coinbase type of business places but on binance where the hard work is going on. Its mainly altcoin like people mentioned but do not forget the usdt and bitcoin pairs as well where you can literally buy bitcoin with dollars.
September 28, 2019, 07:04:37 AM
I would have expected bitcoin to have a bit of a uptick after this, it really didn't and we are going down faster than I could ever prepare myself for when it happens. However I always remind myself that when things get worse it means they are getting ready for things get better. Remember we did had that $20k to $3k period but then we had that $3k to $13k period as well after that.
So, I am guessing now that the binance is allowed to work in USA as well it means when we start to have better times again the american folks will be with us as well, not in coinbase type of business places but on binance where the hard work is going on. Its mainly altcoin like people mentioned but do not forget the usdt and bitcoin pairs as well where you can literally buy bitcoin with dollars.
So, I am guessing now that the binance is allowed to work in USA as well it means when we start to have better times again the american folks will be with us as well, not in coinbase type of business places but on binance where the hard work is going on. Its mainly altcoin like people mentioned but do not forget the usdt and bitcoin pairs as well where you can literally buy bitcoin with dollars.
September 28, 2019, 03:28:53 AM
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
The increase or not will be based on the trend that the market brings. Like Binance in early 2019, the price was only $ 5.5 but when Binance Launchpad was born, they actively used their money to push the token price and then they were trusted by many speculators -> price increase.I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
Legal registrations in the US only increase their volume again and there is no reason for prices to rise while the market is in a recession.
September 27, 2019, 03:58:19 AM
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
Obviously, it won't happen only with this, don't get me wrong these kinds of stuff does put a great pressure on the buy side of bitcoin and all other currencies which means there is a better chance it gets an increase but these are not alone itself enough for bitcoin to go up. I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
What this makes is that it makes things harder to go down and it makes it easier to go up, but just because it is harder to go down doesn't mean it will not go down (as we can see) and just because it is easier to go up doesn't mean it will go up. Hence, what this does is just paves the way that's it, hence there is literally nothing to be hyped about around here, we just have to keep on trying our best to get the bitcoin name out there and create more awareness for it and increase the adoption like this never happened.
September 26, 2019, 12:49:16 PM
Obviously, someone had answered already that US didn't banned Bitcoin or crypto in general.
Now to get their US Binance platform and to fully satisfy US regulations, they have partnered with this so called company, BAM Trading Services, it is a California based company, it is registered as a money services with US FinCen. As far as the effects, we still don't know it, it was just recently launched and remember that not all states supported Binance.US as well. I think you can't created an account if you lived in Texas and New York so that's a minus for Binance for sure. So we really can't say if it will push the price or not, but I guess the good news their market is really expanding and in the long run we might see the impact positively.
Even If not all state accepts the cryptocurrency is US, but at least, United states in quote is no longer frowning at the use of cryptocurrency again, they just want it regulated, and they just don’t want anything that they feel will disrupt the system they have built on ground for years which is the system of fiat. Now to get their US Binance platform and to fully satisfy US regulations, they have partnered with this so called company, BAM Trading Services, it is a California based company, it is registered as a money services with US FinCen. As far as the effects, we still don't know it, it was just recently launched and remember that not all states supported Binance.US as well. I think you can't created an account if you lived in Texas and New York so that's a minus for Binance for sure. So we really can't say if it will push the price or not, but I guess the good news their market is really expanding and in the long run we might see the impact positively.
Overtime, I believe that when other states sees how sweet the use of cryptocurrency is and how it is beginning to benefit other states, then their major could also join in the raise also. We just have to take things easy in this cryptocurrency market, otherwise we will get ourselves confused. It has been days now since the platform has been launched and I have still not seeing much increase In the value of binance, but anyway, patience is all we need, I am sure that we will still see that change on value as we proceed.
September 26, 2019, 12:26:31 AM
why all of a sudden they've adopted the system of crypto like Binance?
Binance as a big exchange will always attract business owner to create similarly exchange with modifying some feature.That's why we see the new exchange was launch almost every month.
If they can create an exchange which better than the other exchange, they can make money, and that will be huge money.
With so many people in the US that will have interest in cryptocurrency, Binance wants to expand its business across the nation, and that is normal if Binance open registration for US citizen.
Do you think, this will affect the market of bitcoin and crypto could be increase now?
Not so fast, because that will depends on regulation from the government.But if we talk about the growth in the underground, I am sure that it will attract more people to join with crypto world and that could help the growth of the cryptocurrency in the future.
Maybe after this, we could see the cryptocurrency will rise again.
It will each not just people in the US but also people in every country to join with the cryptocurrency.
September 25, 2019, 11:00:35 PM
First of all, although the Binance US platform has started trading this week, the functionalities have been severely limited. The platform is available for trading in only 37 out of the 50 states, with important states such as New York, Florida and Texas being excluded. Also, initially they will be dealing in just 7 cryptocurrencies: Bitcoin, Binance coin (BNB), Ether, Ripple, BCH , Litecoin and Tether. It will take many months to get the trade volume back to the previous levels.
Another thing is that during the last 6-7 days, the exchange rates have fallen by as much as 20% and the trends indicate that it will take some more time for the exchange rates to stabilize. Bitcoin prices fell from $10,200 to just around $8,300 per coin. And this is despite spikes expected due to the launch of the Binance US platform and Bakkt. Bitcoin ended up with a daily loss of -12% on September 24th. A loss of that magnitude occurred only a handful of times in the recent past.
Another thing is that during the last 6-7 days, the exchange rates have fallen by as much as 20% and the trends indicate that it will take some more time for the exchange rates to stabilize. Bitcoin prices fell from $10,200 to just around $8,300 per coin. And this is despite spikes expected due to the launch of the Binance US platform and Bakkt. Bitcoin ended up with a daily loss of -12% on September 24th. A loss of that magnitude occurred only a handful of times in the recent past.
September 25, 2019, 07:19:22 PM
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
Obviously, someone had answered already that US didn't banned Bitcoin or crypto in general.
Now to get their US Binance platform and to fully satisfy US regulations, they have partnered with this so called company, BAM Trading Services, it is a California based company, it is registered as a money services with US FinCen. As far as the effects, we still don't know it, it was just recently launched and remember that not all states supported Binance.US as well. I think you can't created an account if you lived in Texas and New York so that's a minus for Binance for sure. So we really can't say if it will push the price or not, but I guess the good news their market is really expanding and in the long run we might see the impact positively.
September 25, 2019, 03:00:53 PM
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
Yes Binance is a big player in the crypto industry but assuming that would lead to increase in the price of bitcoin is same thing as saying a McDonald opening additional retail store overseas would increase the price of flour used for doughnut across the world. It does not follow that pattern. What is going to happen is Binance is making a platform for those who felt left out or who are carrying out their trade via other platforms to start patronising and also to see if they can get some fresh people into crypto by their own effort which eventually primarily increases their own bottom line. If the ripple effect led to an increase in bitcoin price, that's is simply a bonus.
September 22, 2019, 11:20:27 AM
First of all, US never banned crypto so what you said is already a false statement 
.
Regarding the price increase of Bitcoin, it is a no. If you will see the daily volume of Binance.us, it is very low and it is the same with Huobi US. Now what do you expect with it?? It will not affect the price of Bitcoin in the short run but maybe we can see a price increase if the daily volume of these exchanges will increase.
Creating a trading platform in the USA is a competition for the american's cryptomarket between Binance and Coinbase. Binance captured about 54% of the trading volume of the entire cryptocurrency market. Coinbase, on the other hand, has only about 14%. . Coinbase isn't going to give up its positions and launches several more new tokens.That’s what can give rise to BTC prices .Regarding the price increase of Bitcoin, it is a no. If you will see the daily volume of Binance.us, it is very low and it is the same with Huobi US. Now what do you expect with it?? It will not affect the price of Bitcoin in the short run but maybe we can see a price increase if the daily volume of these exchanges will increase.
September 22, 2019, 08:22:50 AM
First of all, US never banned crypto so what you said is already a false statement .
Regarding the price increase of Bitcoin, it is a no. If you will see the daily volume of Binance.us, it is very low and it is the same with Huobi US. Now what do you expect with it?? It will not affect the price of Bitcoin in the short run but maybe we can see a price increase if the daily volume of these exchanges will increase.
.Regarding the price increase of Bitcoin, it is a no. If you will see the daily volume of Binance.us, it is very low and it is the same with Huobi US. Now what do you expect with it?? It will not affect the price of Bitcoin in the short run but maybe we can see a price increase if the daily volume of these exchanges will increase.
September 22, 2019, 03:36:23 AM
The exclusion of New York is going to hit them hard. I don't have the state-wise user stats with me, but given the size of the economy and population of New York, I am sure that they'll lose a lot of users and trade volume as a result of the exclusion. They have also excluded states such as Texas and Florida. I hope that they'll change this policy later.
September 22, 2019, 02:52:59 AM
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
Crypto banning has taken place in so many countries but the participants are still numerous. Therefore, the prohibition or acceptance is just a statement and it does not matter too much.I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?
The United States is still the country with the most participants in the crypto market, although the country has been banned. Therefore, this is also a normal event.
September 21, 2019, 05:35:33 PM
Legal -illegal
Good tweets about bitcoins-bad tweets about Bitcoins
I think we are now above all this .
Every now and then some things like these happens once in a while therefore when we talk about legal registration we should understand that we already have many other platforms like local Bitcoins that was founded in 2012 and is legal and it doesn't mean binance was banned before .. people still used it and they will still use it ..
Maybe 1-2% increase in volume can be seen and that's it.
And it's just US...
Good tweets about bitcoins-bad tweets about Bitcoins
I think we are now above all this .
Every now and then some things like these happens once in a while therefore when we talk about legal registration we should understand that we already have many other platforms like local Bitcoins that was founded in 2012 and is legal and it doesn't mean binance was banned before .. people still used it and they will still use it ..
Maybe 1-2% increase in volume can be seen and that's it.
And it's just US...
September 21, 2019, 01:10:31 PM
Only binance registartion is not enough but bakkt is near
September 21, 2019, 11:59:57 AM
as you said Binance is on altcoin side.
Well, I understand that binance is not on side of bitcoinhow do you guys think of that ? binance is an exchange and every exchange will usually support bitcoin .
bitcoin is only one and there are many altcoins but this does not mean that they prioritize the altcoins more than bitcoins . or its because binance have thier own token/altcoin which is called bnb coin
if binance is open to u.s , bitcoin are not only the one that could pump but also altcoin can pump as well .
September 21, 2019, 03:12:14 AM
This is what I'm seeing too which I cant see a connection how this licensed obtain can really affect bitcoins price as you said Binance is on altcoin side.
On the other hand or topic, Binance do really know on how to play the game where they do maintain up their reputation or position on the entire exchange market
in spite of that US prohibition and they do able to comeback but as been said earlier this doesn't give out significant impact on Bitcoins demand.
Sooner or later lots of big exchangers would really definitely need to comply on getting licenses for a particular country.
On the other hand or topic, Binance do really know on how to play the game where they do maintain up their reputation or position on the entire exchange market
in spite of that US prohibition and they do able to comeback but as been said earlier this doesn't give out significant impact on Bitcoins demand.
Sooner or later lots of big exchangers would really definitely need to comply on getting licenses for a particular country.
Well, I understand that binance is not on side of bitcoin, but it makes name bitcoin as a ship to carry BNB to continue to grow. And if you think that US Binance doesn't have an impact on bitcoin, it's wrong because bitcoin will be worse if Binance doesn't exist in US.
As we all know that US has a large population of crypto holders so if we lose some of them it might bring bad wind to bitcoin. And from my understanding why US gives license to binance, yeah because binance obeys all policies made in US because US always sees everything as business, they don't want to lose this profitable business.
September 20, 2019, 06:56:12 PM
I don't think there'd be any difference at all knowing that Binance only got their license and they were forced to move from the US temporarily because they don't have the necessary license to operate in the American soil. Also, Binance is more on the altcoin side of things and not really bitcoin, although they also have bitcoin but not really that much substantial on the market compared to the big names in exchanges.
The US never banned crypto, too, and it will be too far-fetched for it to happen knowing that they are already benefiting from the cryptosphere and industries built around it.
This is what I'm seeing too which I cant see a connection how this licensed obtain can really affect bitcoins price as you said Binance is on altcoin side.The US never banned crypto, too, and it will be too far-fetched for it to happen knowing that they are already benefiting from the cryptosphere and industries built around it.
On the other hand or topic, Binance do really know on how to play the game where they do maintain up their reputation or position on the entire exchange market
in spite of that US prohibition and they do able to comeback but as been said earlier this doesn't give out significant impact on Bitcoins demand.
Sooner or later lots of big exchangers would really definitely need to comply on getting licenses for a particular country.
September 20, 2019, 01:53:31 PM
I don't think there'd be any difference at all knowing that Binance only got their license and they were forced to move from the US temporarily because they don't have the necessary license to operate in the American soil. Also, Binance is more on the altcoin side of things and not really bitcoin, although they also have bitcoin but not really that much substantial on the market compared to the big names in exchanges.
The US never banned crypto, too, and it will be too far-fetched for it to happen knowing that they are already benefiting from the cryptosphere and industries built around it.
The US never banned crypto, too, and it will be too far-fetched for it to happen knowing that they are already benefiting from the cryptosphere and industries built around it.
Jump to: